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The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability.
The original goal of the committee was to improve the awareness of the World Bank, International Monetary Fund, World Trade Organization, and other major development banks and their actions to accelerate economic growth, lessen poverty, and increase financial stability, along with demonstrating the importance of international economic ...
The International Monetary Fund (IMF) is part of the United Nations system and has a formal relationship agreement with the U.N., but retains its independence. [11] The IMF provides monetary cooperation and financial stability and acts as a forum for advice, negotiation and assistance on financial issues. It is headquartered in Washington D.C.
The International Bank for Reconstruction and Development (IBRD) and International Monetary Fund (IMF) were established by delegates at the Bretton Woods Conference in 1944 and became operational in 1946. [10] According to a March 2012 Washington Post article, IBRD was the "original 'world bank'". [11]
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
The International Monetary Fund is an international US-based organization of 188 countries focused on international trade, financial stability, and economic growth. For more information see its website .
The United Kingdom on a map. The United Kingdom joined the IMF on December 27, 1945, becoming one of the first 40 nations to join the global organization. [1] [2] [non-primary source needed] The intention of the IMF was to help rebuild the economies' of Europe following World War II and promote the missions of global cooperation and economic growth established at the Bretton Woods Conference.
An important component of the Bretton Woods agreements was the creation of two new international financial institutions, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD). Collectively referred to as the Bretton Woods institutions, they became operational in 1947 and 1946 respectively.